Oil and gas company announcements: 19 June 2014

ABB

ABB has inaugurated a new facility for producing low and medium voltage products in Bulgaria in the presence of the country’s President Rosen Plevneliev. The facility is located in the town of Rakovski, approximately 25 km to the northeast of Bulgaria’s second largest city Polvdiv and is expected to generate 600 jobs once fully operational. It is part of a US$ 23 million investment to expand production capacity to serve growing demand in Europe and Asia and will manufacture low voltage control products and medium voltage power products.

Fluor

Fluor Corporation announced that 10 community improvement projects around the globe will each receive US$ 10 000 from Fluor’s US$ 100 000 Global Community Project Fund. In addition to funding, the winning projects (five in the US, five international) will each receive support from Fluor employee volunteers to complete their projects before 31 December 2014.

GE

GE’s new Elastic Cloud Supply Chain Platform (Elastic Cloud) for real time management of oil and gas materials, equipment and services has won a Manufacturing Leadership 100 (ML 100) award. GE was among several companies honoured during a ceremony held earlier this month at the 10th Annual Manufacturing Leadership Summit, Palm Beach, Florida.

The development of the Elastic Cloud technology represents a collaborative effort between GE Global Research and GE Oil& Gas. The software is designed to monitor, manage, and optimise the sourcing, production, flow and inventory of complex oil and gas raw materials, components and final products for installation and servicing at customer sites.

Petro Motion

Petro Motion Inc. has announced that the Alberta Company has entered into negotiations with a consortium of Chinese oil firms for the exclusive rights to distribute Petro Motion’s patented EZ Flow additive in Asia. EZ Flow accentuates the behaviour of regular diluent, allowing it to act as a super viscosity reducer. Recent independent field trials demonstrated the addition of EX Flow cut the required quality of expensive diluents by 50%.

Thigpen Energy

Thigpen Energy has announced a partnership with Chart Inc., to codevelop a custom portfolio of onsite fuelling solutions in an effort to expand its LNG fuelling capabilities.

President and Founder, Sam Thigpen said, ‘we’ve chose to partner with Chart Inc. as our preferred LNG equipment supplier because of their willingness to listen to the end user and truly understand the value of providing innovative, custom designed solutions that meet the evolving needs of our customers in the oil and gas industry. We look forward to elevating our LNG offerings to the next level this year as we continue to grown our natural gas fuelling solutions business.’

TruStar Energy

TruStar Energy and the Munice Sanitary District (MSD) are excited to announce the grand opening of their first large public fast fill compressed natural gas (CNG) station. The public station will serve fuel to 10 MSD vehicles, comprised of seven garbage trucks and three grapple trucks. In addition, the public will also be encouraged to fuel their CNG vehicles at the station, which houses two fuelling dispensers, similar to what a consumer would see at a gasoline fuelling station.

World Point Terminals

World Point Terminals, LP, a Delaware limited partnership has acquired two terminals in Mobile, Alabama that will have a total shell capacity of 1.826 million bbls once necessary repairs and upgrades are made to the tanks. The partnership will pay approximately US$ 41 million in cast for the acquisition. The Blakely Island terminal has a total storage capacity of 1.182 million bbls and the Chickasaw terminal has a capacity of 644 000 bbls.